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Credit Union and Bank Rates 2020 Q1

Comparison of Average Savings, Deposits and Loan Rates at Credit Unions and Banks
For March 27, 2020

Product All CUs (National Average Rate) All Banks (National Average Rate)
5 Year CD-10K 1.56 1.12
4 Year CD-10K 1.42 1.00
3 Year CD-10K 1.30 0.91
2 Year CD-10K 1.15 0.79
1 Year CD-10K 0.95 0.63
6 Month CD-10K 0.65 0.41
3 Month CD-10K 0.40 0.27
Money market account-2.5K 0.30 0.18
Interest checking account-5K 0.11 0.11
Regular savings account-1K 0.16 0.14
Credit card, Classic 11.54 13.15
30 Year fixed-rate mortgage 3.71 3.79
15 Year fixed-rate mortgage 3.23 3.36
5/1 Year adjustable rate mortgage 3.28 3.79
3/1 Year adjustable rate mortgage 3.26 3.74
1 Year adjustable rate mortgage 3.48 3.61
Unsecured fixed rate loan, 36 months 9.28 10.21
Home equity loan, 5 year, 80% 4.65 5.21
Home equity loan, LOC, 80% 4.56 5.05
Used car loan, 48 months 3.50 5.44
Used car loan, 36 months 3.37 5.39
New car loan, 60 months 3.45 5.10
New car loan, 48 months 3.32 4.99

Footnotes


Notes:

1. Data extracted by NCUA from S&P Global Market Intelligence databases (https://www.spglobal.com/marketintelligence (You will be leaving NCUA.gov and accessing a non-NCUA website. We encourage you to read the NCUA's exit link policies. (opens new page).) ) on April 27, 2020. The data represent interest rates reported by active banks and credit unions for the last Friday of the quarter (March 27, 2020).

Last modified on
05/09/23